3,020 Shares in Wynn Resorts, Limited (NASDAQ:WYNN) Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new position in Wynn Resorts, Limited (NASDAQ:WYNN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,020 shares of the casino operator’s stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WYNN. International Assets Investment Management LLC bought a new stake in shares of Wynn Resorts in the 2nd quarter worth approximately $25,000. Blue Trust Inc. lifted its stake in Wynn Resorts by 556.0% in the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock valued at $49,000 after buying an additional 467 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Wynn Resorts by 17.5% during the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after acquiring an additional 133 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Wynn Resorts by 703.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator’s stock worth $99,000 after acquiring an additional 900 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Wynn Resorts by 207.4% in the 3rd quarter. Covestor Ltd now owns 1,408 shares of the casino operator’s stock worth $135,000 after acquiring an additional 950 shares during the period. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Trading Up 1.1 %

Shares of NASDAQ WYNN opened at $94.53 on Friday. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The firm has a 50-day moving average of $94.99 and a two-hundred day moving average of $87.88. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 3.48 and a beta of 1.78.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 earnings per share. As a group, research analysts predict that Wynn Resorts, Limited will post 4.79 earnings per share for the current year.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. Wynn Resorts’s dividend payout ratio (DPR) is presently 12.33%.

Insider Transactions at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,650 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $78.73, for a total transaction of $208,634.50. Following the sale, the director now directly owns 5,689 shares of the company’s stock, valued at $447,894.97. The trade was a 31.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group raised shares of Wynn Resorts to a “hold” rating in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Wynn Resorts in a research note on Tuesday, November 5th. Barclays reduced their price target on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company lowered their price target on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.71.

Wynn Resorts Company Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.